Funding you earn now, next payment 23:00 UTC−0.0181%/8h= −19.8% APRpaid last 24h −0.063%
Price spread now: Phemex against 01 Exchange−0.021%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Phemex is 0.021% cheaper against 01 Exchange than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | 01 Exchange BNBUSD | 805.39 | 0.0320 | pay 0.0040% / 1h | 58m 41s | $28K | $1K | 10x |
| Short | Phemex BNBUSDT | 805.22 | 0.0139 | get 0.0139% / 8h | 1h 58m | $70.3M | $51.8M | 50x |
01 Exchange BNBUSD
Phemex BNBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against 01 Exchange. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$37.93
- Price spread: −0.021% → 0.000%
- −$2.11
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$59.05
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: 01 Exchange: no order-book sample; Phemex: live order book, 5 min ago. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy 01 Exchange no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 5 min ago | 0.06 bp | 6.5 bp −$6 | 7.3 bp −$73 | 12.4 bp −$1,244 | doesn't fit |
01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
BNB on 46 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GMX BNB/USD [WBTC.b-USDC] | L −0.0195% / S +0.0371% | 1h | 804.52 | −0.108% | $49K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 804.54 | −0.106% | $4K | $1K | 25x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 805.06 | −0.040% | $3.0M | $29.5M | 10x | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 805.00 | −0.048% | $108K | $2.5M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 804.71 | −0.084% | $870K | $2.8M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 804.54 | −0.105% | $9.8M | — | 150x | as long as short |
| Variational Omni BNB | +0.0047% | 8h | 804.12 | −0.157% | $4.1M | $5.3M | — | as long as short |
| BingX BNB-USDC | +0.0056% | 8h | 804.69 | −0.087% | — | $13.3M | — | as long as short |
| Bybit BNBUSDT | +0.0079% | 8h | 804.08 | −0.163% | $139.6M | $81.7M | 75x | as long as short |
| Lighter BNB | +0.0096% | 1h | 804.69 | −0.086% | $2.8M | $4.2M | 20x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
GRVT BNB_USDT_Perp
Kalshi KXBNBPERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Variational Omni BNB
BingX BNB-USDC
Bybit BNBUSDT
Lighter BNBShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International BNB-PERP-INTX | +0.0096% | 1h | 804.54 | −0.106% | $607K | $880K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 803.89 | −0.187% | $1.4M | $2.8M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 804.96 | −0.053% | $51.8M | $22.0M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 804.59 | −0.099% | $1.2M | $925K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 804.30 | −0.135% | $55.2M | $116.0M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 804.70 | −0.086% | $53K | $170K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 804.40 | −0.123% | $36.1M | $56.9M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 804.36 | −0.128% | $28.2M | $10.5M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 804.03 | −0.169% | $78.9M | $24.8M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 805.30 | −0.011% | $4.2M | $76.5M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 805.23 | −0.020% | $159K | $437K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 804.50 | −0.111% | $116K | $872K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 804.62 | −0.096% | $389K | $592K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 804.83 | −0.070% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 805.15 | −0.029% | $13K | $1.7M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 804.70 | −0.086% | $396K | $1.0M | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0100% | 1h | 805.09 | −0.037% | $1.6M | $165K | 25x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 804.49 | −0.112% | $8.2M | $7.5M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 805.01 | −0.047% | $79K | $19K | 50x | as long as short |
| Aster BNBUSDT | +0.0100% | 8h | 805.03 | −0.045% | $6.4M | $18.8M | 200x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 804.04 | −0.168% | $1.9M | $5.9M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 804.82 | −0.071% | $387K | $40K | 10x | as long as short |
| MEXC BNB_USDT | +0.0116% | 8h | 805.30 | −0.011% | $84.5M | $13.3M | 200x | as long as short |
| Binance BNBUSDT | +0.0117% | 8h | 805.04 | −0.043% | $519.9M | $806.5M | 75x | as long as short |
| Phoenix BNB | +0.0125% | 1h | 805.17 | −0.027% | $173K | $35K | 10x | as long as short |
| dYdX BNB-USD | +0.0137% | 1h | 804.85 | −0.067% | $162K | $63K | 10x | as long as short |
| Phemex BNBUSDTshort | +0.0139% | 8h | 805.22 | −0.021% | $70.3M | $51.8M | 50x | |
| Kraken Futures PF_BNBUSD | +0.0206% | 1h | 804.39 | −0.125% | $2.5M | $927K | 50x | as long as short |
| BloFin BNB-USDT | +0.0237% | 8h | 805.20 | −0.024% | $18.9M | $3.1M | 75x | as long as short |
| Hibachi BNB/USDT-P | +0.0256% | 1h | 804.81 | −0.072% | $71K | $48K | 12x | as long as short |
| Bulk BNB-USD | +0.0273% | 1h | 805.26 | −0.016% | $650K | $14K | 10x | as long as short |
| Injective BNB/USDC PERP | +0.0311% | 1h | 804.89 | −0.062% | $19K | $627K | 30x | as long as short |
| RISEx BNB/USDC | +0.0318% | 1h | 804.57 | −0.102% | $1.1M | $1.4M | 20x | as long as short |
| 01 Exchange BNBUSDlong | +0.0320% | 1h | 805.39 | long leg | $28K | $1K | 10x | |
| Reya BNBRUSDPERP | +0.0334% | 1h | 804.29 | −0.136% | $6K | $3K | 40x | as long as short |
| Backpack BNB_USDC_PERP | +0.0608% | 1h | 805.65 | +0.032% | $3.0M | $5.5M | 40x | as long as short |
Coinbase International BNB-PERP-INTX
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
Deribit BNB_USDC-PERPETUAL
HTX BNB-USDT
Paradex BNB-USD-PERP
Aster BNBUSDT
Extended BNB-USD
Aevo BNB-PERP
MEXC BNB_USDT
Binance BNBUSDT
Phoenix BNB
dYdX BNB-USD
Kraken Futures PF_BNBUSD
BloFin BNB-USDT
Hibachi BNB/USDT-P
Bulk BNB-USD
Injective BNB/USDC PERP
RISEx BNB/USDC
Reya BNBRUSDPERP
Backpack BNB_USDC_PERP